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Market Impact: 0.2
Dollar Weakness and Higher Crude Prices Spur Short Covering in Sugar
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsCurrency & FXEnergy Markets & Prices
March NY world sugar #11 futures rose 0.22, or 1.19%, while December London ICE white sugar #5 gained 6.80, or 1.37%. The article attributes the gains to dollar weakness prompting short covering in sugar futures; it also begins to cite a 2% jump in WTI but provides no further detail.
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